SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Harken Energy Corporation (HEC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John S. Sturges who wrote (2440)1/27/1998 7:33:00 PM
From: Ditchdigger  Read Replies (1) of 5504
 
Interesting paragraph stating the cost of pipeline protection/damage,it was mentioned here as insignificant,I disagree.

"Guerrilla attacks on oil infrastructure are a major concern
for industry operations in Colombia. In the first two
months of 1997, for example, the country's largest oil
pipeline (Cano Limon-Covenas) was attacked 12 times.
In March 1997, three pipelines that carry oil and natural
gas from the country's largest refinery (Barrancabermeja)
were also attacked. In response, BP's chief executive
officer asked President Samper to boost security near the
company's operations at the Cusiana/Cupiagua fields. It
has been estimated that insurgency increases operating
costs by 2-10 percent. In 1996, nearly $40 million in
additional costs were incurred from at least 45 attacks
against oil pipelines." $40M(1996) is by no means insignificant..DD
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News